MD_DA136 Skim Milk Powder - South America Report 37 - Released on September 10, 2020 In the first half of September, skim milk powder (SMP) market activities are a bit slower, with some buyers being on the sidelines due to the economic challenges from the pandemic. In general, SMP demands have been solid for many market participants and some have no difficulties within the industry in trading activities and current interests. There are anticipations prices will grow in the coming months due to limited trading in international markets and ice cream and chocolate operations increasing production schedules ahead of the spring/summer. SMP production is prompted by higher condensed skim milk volumes. Manufacturers’ inventory levels are fairly balanced with most spot and contractual needs. Prices for: South America, All First Sales, Free on Board - Port, Conventional, and Edible Skim Milk Powder Price Range - 1.25% Butterfat; $/MT: 2,550 - 2,750 Information for the period August 31 - September 11, 2020, issued biweekly Secondary Sourced Information: At the GDT Event 267 on September 1, skim milk powder (SMP) prices across all contract periods averaged $2,663 per metric ton, up 1.8 percent from the last event. Published by: Dairy Market News - Madison, WI JESSICA MUELLER, 608-422-8589 Email: jessica.mueller@usda.gov Additional Dairy Market News Information: Dairy Market News (DMN) by Phone: (608)422-8602 DMN Website: https://www.ams.usda.gov/market-news/dairy DMN MARS (My Market News): https://mymarketnews.ams.usda.gov